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To: Snardius
That is, of course, (and I'm not recommending this course of action) that you would allow everyone to get their share before you got yours.

Now or later. It would be reported to IRS, so being a financial commoner, I don't know a loophole to get around this :(

92 posted on 01/08/2010 1:27:50 PM PST by FightforFreedomCA (Pelosi is a wretched, communist, b!#*&)
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To: FightforFreedomCA
Now or later. It would be reported to IRS, so being a financial commoner, I don't know a loophole to get around this

Well, some people would think that if you took your money now, you don't have to settle up with the authorities until April 16, 2011 or the Fall of 2011 if you filed an extension. By then, the IRS, as we know it, may not exist. But that's just silly thinking...leave your money in the IRA...nothing bad is going to happen.

97 posted on 01/08/2010 1:40:20 PM PST by Snardius
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To: FightforFreedomCA
I don't know a loophole to get around this

Or you could withdraw the money, don't withhold for taxes, and leave the country (you could hide the cash in your underwear, nobody thinks to check there). Change your name, dye your hair, gain or lose 100lbs. And you're home free.

99 posted on 01/08/2010 1:43:43 PM PST by Snardius
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